Unleashing the full potential of NFT.
As my research dives deeper into the NFT field, as well as the recent name change of the technology firm from Facebook to Meta, I can’t help but start to learn more about the concept of Metaverse, and from there I suddenly gained a brand new insight of NFT.
Originally, my perspectives about NFT are mainly limited to the traditional digital art forms. As the creator publishes the pieces on the platform, buyers bid for the price. Although it is a commonly adopted way of how NFT is used and integrated into our real life, it is far from what its full potential truly is. So the NFT is technically a virtual image or asset that has values, and in the metaverse, where the entire universe is built virtually, NFT could be the foundation of any infrastructure. Take the image at the beginning of this blog, it shows an NFT platform where people trade NFT real estate properties. Although at this moment, the real estate NFT property is only an isolated NFT system, it provides me the insight that when more people are adapting to the metaverse, there will be increasing needs for real estate, currency, regulation, commercial, entertainment, etc. And NFT is currently the most likely technology and format that can make this infrastructure construction happen.
There are countless industries and areas in the metaverse where current existing companies can fit into, and NFT would not be neglected by them. In areas like virtual reality, mixed reality, AI, blockchain, 3D image, IoT, companies like Google, Apple, Microsoft, Roblox, Nvidia has already made a great contribution. And I believe they also noticed the potential of NFT. If that’s the case, NFT creators in the future will no longer be limited to digital art creators, but the builder of the foundation of the metaverse.
